Advertisement


Home

The BGC Retirement Plan offers two different retirement plans to its pastors, missionaries, district leaders, national staff, and full-time staff of churches or district conference. Many participate in both plans. The first offers a retirement savings account balance that grows with participant contributions and investment earnings. The second offers life time monthly payments during retirement years. The plans have a history of above-market investment returns and low investment fees, which have resulted in periodic ad-hoc increases in monthly payments.

More information is available on this website or contact the BGC Retirement Plan if you wish to speak with the plan administrators.

 

 
Deferral Limits for 2010

You and your employer can contribution 100% of your cash compensation not to exceed $49,000 for 2010 to the Defined Contribution (Supplemental) Plan.  Your part of that contribution is as follows:

 

Maximum Voluntary Contribution 

$16,500

  

Catch up contribution (Over age 50)

$5,500

  

Total

$22,000

  

In addition ministers who have more than 15 years of full-time ministry can contribute an addition $3,000 per year up to a life-time maximum of $15,000.


Please contact Jackie Shimmin or Steve Schultz at 847-879-3240 with any questions you may have regarding these Deferral Limits.

 
Investment Strategy 2009

BGC Retirement Fund
December 31, 2009

Fund Asset Allocation
Total Fund Value: $109,769,162.73

 

Investment Performance
Total Fund vs. Objectives

 

Plan Assets ($mm)

BGC Retirement Trust

BGC Defined Contr. Plan

$77.08

$32.00

Read more...
 
RocketTheme Joomla Templates